Maersk Group

The McKinney Møller family intends to directly own – partly or as a majority shareholder – several Maersk-related entities following key strategic changes at the Danish transport-to-energy behemoth Maersk Group.

The McKinney Møller family intends to directly own – partly or as a majority shareholder – several Maersk-related entities directly following key strategic changes at the Danish transport-to-energy behemoth Maersk Group.

The announcement comes as the 113-year-old Danish company replaced its chairman of 14 years and posted its second heaviest loss in seven decades.

Robert Maersk Uggla, the third-generation heir to Danish shipping giant AP Moller-Maersk, has been appointed chief executive of the family’s holding company in a move that will distance the family from daily operations.

Robert Maersk Uggla, the third-generation heir to Danish shipping giant AP Moller-Maersk, has been appointed chief executive of the family’s holding company in a move that will distance the family from daily operations.

As of September 2016, Uggla will step down from the top job at Maersk-owned tugboat operator Svitzer to become CEO of AP Moller Holding, which holds 41.5% of shares and 51% of voting rights in the Copenhagen-based shipping company.